Neuberger Berman to Move Headquarters to Vornado Tower

By David M. Levitt -
May 1, 2014

Neuberger Berman Group LLC, the money
manager that was part of Lehman Brothers Holdings Inc., will
move its headquarters to Vornado Realty Trust’s tower at 1290
Avenue of the Americas in midtown Manhattan.

Neuberger plans to take about 355,000 square feet (33,000
square meters) in the 45-story, 2.1 million-square-foot
building, a block north of Radio City Music Hall, the companies
said in a joint statement today. The firm’s main offices
currently are at 605 Third Ave., between 39th and 40th streets.

Vornado, owner of about 28 million square feet of New York
properties, last year completed a renovation of the skyscraper,
including a new lobby. Neuberger was attracted to the tower
because of its upgrades and central Midtown location, the
company said in the statement. The building offers the
investment firm a dedicated lobby visitor center and conference
center, and will have “extensive” branding.

The move is scheduled to be completed in late 2016.
Neuberger has been at 605 Third Ave., owned by Fisher Brothers,
since 1992. Its lease there expires in 2017.